Day: December 16, 2022

Dec 16
Forex Technical Analysis & Forecast 16.12.2022

EURUSD, “Euro vs US Dollar” The currency pair has formed the first impulse of decline to 1.0592. Today the market might correct to 1.0684. Practically, the pair is forming a consolidation range at these levels. The main scenario suggests breaking away the lower border of this channel. With an escape downwards, a pathway to 1.0515 […]

Dec 16
Ichimoku Cloud Analysis 16.12.2022 (GBPUSD, USDJPY, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the lower border of a bullish channel. The instrument is going insode the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.2215 is expected, followed by falling to 1.1865. An additional signal confirming the decline will be […]

Dec 16
Dollar chances for rebound grow as slowdown risks increase on hawkish central bank messages

The dollar bounced back yesterday and showed decent gain against commodity currencies, which correlate with demand for risk. This comes after the ECB issued a very aggressive statement yesterday. The reaction of the currency market turned out to be unusual – investors regarded the ECB’s move as an increased risk that a soft landing of […]

Dec 16
Market Spotlight: EURAUD Explodes on Hawkish ECB

Hawkish ECB Message Rocks Markets The December ECB meeting proved to be far from a muted event as markets were rocked yesterday by the bank’s outlook and guidance. The ECB delivered a widely expected .5% hike, despite hawkish risks, but it was the accompanying projections which were the main focus. Inflation Revised Higher Citing the […]

Dec 16
How to Master Trading Psychology

How to Master Trading Psychology Trading psychology refers to your state of mind and emotions when you trade. Every trader out there definitely experience to lose money after executing traders based on emotions, mostly fear and greed. It is a mistake that is done by everyone at some point but in order to be a […]

Dec 16
The cryptocurrency market digest (BTC). Overview for 16.12.2022

On Friday, the BTC is retracing moderately, balancing near 17,492 USD. At the same time, weekly growth of the BTC amounts to 1.6%. A great victory of the leading crypto is securing above the intermediate resistance level of 17,200 USD. The market is holding above it, still having a chance to reach 18,500 USD. There […]

Dec 16
EUR holds positions. Overview for 16.12.2022

The market major used the US statistics quite efficiently. The current quote is 1.0650. EURUSD is trying and trying to grow, though investors look quite tired after the active week. The US statistics published yesterday demonstrated a decline in November retail sales by 0.6% m/m, while a decline by 0.2% had been forecast after previous […]

Dec 16
Palladium Futures ( PA1! ), H4 Potential for Bullish Rise

Type: Bullish Rise Key Levels:Resistance:2023.0Pivot:1945.0Support:1808.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the […]

Dec 16
Staying Hawkish may Become too Difficult and Costly for the Fed after the CPI Release

A softer-than-expected US CPI for November has made the job more difficult for the Fed, in the sense that it will be increasingly difficult to justify further rate hikes. Nevertheless, Powell is likely to try to convince markets today that the policy tightening will continue next year and there are good reasons for this. This […]

Dec 16
30 Topics To Study In Trading

30 Topics To Study In Trading If you would like to learn the differences between investing vs trading then you can follow our article here.